Slide 1: Second quarter report 2026
Port 7 Prague Portage Bay Bridge Czechia Second quarter Seattle USA report 2026 We build for a better society
Slide 2: Second quarter report 2026
Portage Bay Bridge Seattle USA Second quarter report 2026 • Solid performance • Construction – strong operating margin and record quarter order intake • Residential Development – strong results in Central Europe, Nordics impacted by low volumes, provisions and restructuring costs • Commercial Proper
Slide 3: Construction
South Slussen Brooklyn Stockholm Construction Marine Sweden Terminal New York USA • Revenue SEK 43.0 bn (43.1) • Order bookings SEK 68.0 bn (56.7) – Book-to-build 114%, R-12 – Order backlog SEK 297.5 bn (268.3) • Operating income SEK 1,831 M (1,672) – Operating margin 4.3% (3.9) • Strong performance
Slide 4: Residential Development
Modřanský cukrovar Prague Czechia Residential Development • Revenue SEK 1.7 bn (2.0) – 352 (409) homes sold – 225 (420) homes started • Operating income SEK 25 M (226) • ROCE 2.7 (3.6), R-12 • Solid sales and strong profitability in Central Europe. Weak results in the Nordics • Nordic operations imp
Slide 5: Commercial Property Development
Olivin Stockholm Sweden Commercial Property Development • Operating income SEK -170 M (86) – Gain on sale SEK 217 M (215) – ROCE 0.9% (0.7), R-12 • 17 ongoing projects – SEK 12.8 bn total investment • 16 completed projects – SEK 18.5 bn total investment – 77% leased • Two residential rental projects
Slide 6: Investment Properties
Studio Hyllie Terrass phase 2Malmö Investment Properties Warsaw Sweden Poland • Operating income of SEK 85 M (80) • Economic occupancy rate at 83 percent (84 end of March) • Portfolio consists of seven high-quality office properties with a total property value of SEK 8.3 billion • Solid performance
Slide 7: Construction: Order bookings
South Brooklyn Marine Terminal New York USA Construction Order bookings SEK bn % 350 140 300 120 Order backlog 250 100 200 80 Order bookings, R-12 150 60 Order bookings per 100 40 quarter 50 20 Revenue, R-12 0 0 Book-to-build %, R-12 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2022 2
Slide 8: Construction: Order bookings by region
South Brooklyn Marine Terminal New York USA Construction Order bookings Book-to- Months of SEK bn Apr-Jun 2026 Apr-Jun 2025 build (R-12), % production Nordics 24.2 19.7 108 16 of which Sweden 17.7 9.6 123 15 Europe 4.3 10.5 94 14 USA 39.5 26.5 126 27 Total 68.0 56.7 114 21 7/17/2026 Skanska Q2 repor
Slide 9: Construction: Income statement
South Brooklyn Marine Terminal New York USA Construction Income statement Operating margin, R-12, % Revenue, R-12, SEK bn 6 Revenue 200 5 150 4 3 100 2 Operating margin 50 1 0 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2022 2023 2024 2025 2026 Apr-Jun Apr-Jun Rolling 12 Jan-Dec SE
Slide 10: Construction: Income statement by region
South Brooklyn Marine Terminal New York USA Construction Income statement Operating income, SEK M Operating margin, % Apr-Jun 2026 Apr-Jun 2025 Apr-Jun 2026 Apr-Jun 2025 Nordics 670 597 4.2 4.2 of which Sweden 352 326 4.2 4.2 Europe 246 276 3.5 4.0 USA 915 798 4.6 3.7 Total 1,831 1,672 4.3 3.9 7/17/
Slide 11: Residential Development: Income statement, segment reporting
Täby Modřanský Park Stockholm Residential Development cukrovar Prague Income statement, segment reporting SwedenCzechia Operating margin, R-12, % Revenue, R-12, SEK bn 20 20 Operating margin 10 15 0 10 -10 -20 Revenue 5 -30 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2022 2023 2024
Slide 12: Residential Development: Income statement
Modřanský cukrovar Prague Czechia Residential Development Income statement Operating income, SEK M Operating margin, % Apr-Jun 2026 Apr-Jun 2025 Apr-Jun 2026 Apr-Jun 2025 Nordics -97 10 -8.4 1.1 of which Sweden -52 -2 -5.6 -0.3 Europe 122 216 22.9 19.8 Total 25 226 1.5 11.3 7/17/2026 Skanska Q2 repo
Slide 13: Residential Development: Homes started and sold
Modřanský cukrovar Prague Czechia Residential Development Homes started and sold Homes, R-12 4,500 4,000 3,500 3,000 2,500 2,000 Started 1,500 1,000 Sold 500 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2022 2023 2024 2025 2026 Homes started Homes sold Apr-Jun Apr-Jun Rolling 12 Jan
Slide 14: Residential Development: Homes in production
Modřanský cukrovar Prague Czechia Residential Development Homes in production Homes % 8,000 100 7,000 90 80 6,000 70 5,000 60 4,000 50 3,000 40 30 2,000 20 1,000 10 0 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2022 2023 2024 2025 2026 Sold under construction Unsold under construct
Slide 15: Commercial Property Development: Income statement, segment reporting
Olivin Stockholm Sweden Commercial Property Development Income statement, segment reporting Apr-Jun Apr-Jun Rolling 12 Jan-Dec SEK M 2026 2025 months 2025 Revenue 1,632 1,043 9,532 8,099 Gross income -27 250 897 971 Selling and administrative expenses -155 -165 -726 -705 Income from JV's and associa
Slide 16: Unrealized and realized gains, segment reporting
Olivin Stockholm Sweden Commercial Property Development Unrealized and realized gains, segment reporting SEK bn 14 12 10 8 6 4 2 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2022 2023 2024 2025 2026 Unrealized gains in: Land Ongoing projects at completion Completed projects Realized
Slide 17: Completion profile and unsold projects
Olivin Stockholm Sweden Commercial Property Development Completion profile and unsold projects SEK bn % 77 100 100 20 93 100 18 90 16 80 14 70 12 60 45 10 50 35 8 40 6 30 4 20 2 0 10 0 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2026 2027 2028 2029 2030 Completed projects Ongoing offi
Slide 18: Leasing Commercial Properties
Olivin Stockholm Sweden Commercial Property Development Leasing Commercial Properties 000 sq m % 550 100 500 90 450 80 400 70 350 60 300 50 250 40 200 150 30 100 20 50 10 0 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2022 2023 2024 2025 2026 Leasing, R-12 Economic occupancy rate, o
Slide 19: Investment Properties: Income statement
Hyllie Terrass Malmö Sweden Investment Properties Income statement Apr-Jun Apr-Jun Rolling 12 Jan-Dec SEK M 2026 2025 months 2025 Revenue 121 118 478 472 Operating net 88 85 350 346 Selling and administrative expenses -3 -5 -11 -13 Change in property value - - 53 53 Operating income 85 80 392 386 Eo
Slide 20: Group Income Statement
Portage Vincent Thomas Bay Bridge Group Bridge Income Statement Seattle Los USA Angeles USA Apr-Jun Apr-Jun Rolling 12 Jan-Dec SEK m 2026 2025 months 2025 Operating income from business streams 1,771 2,064 8,025 8,189 Central 334 -270 -138 -712 Eliminations 12 19 -285 -235 Operating income 2,118 1,8
Slide 21: Group: Cash flow
Portage Bay Bridge Seattle USA Group Cash flow SEK bn 15 10 5 Cash flow from business 0 operations, quarterly -5 Rolling 12 months -10 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2022 2023 2024 2025 2026 Apr-Jun Apr-Jun Rolling 12 Jan-Dec SEK bn 2026 2025 months 2025 Operating cash f
Slide 22: Construction: Free working capital
South Brooklyn Marine Terminal New York USA Construction Free working capital SEK bn % 40 21 35 18 30 15 25 12 20 9 15 6 10 5 3 0 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2022 2023 2024 2025 2026 Free working capital, SEK bn Average free working capital/ Construction revenue, R-
Slide 23: Investments, divestments and capital employed
Portage Bay Bridge Seattle USA Group Investments, divestments and capital employed SEK bn 10 8 6 4 2 Investments, 0 quarterly -2 -4 Divestments, -6 quarterly -8 Net divestments, R- -10 12 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2022 2023 2024 2025 2026 SEK bn Jun 30, 2026 Jun 30,
Slide 24: Central funding and maturity profile
Portage Bay Bridge Seattle USA Group Available funds: SEK 23.1 bn, o/w unutilized credit facilities SEK 7.0 bn Central funding Maturity profile 2.5 2.0 39% 1.5 SEK 7.6 bn 61% 1.0 0.5 0.0 Bilateral loans Bonds 2026 2027 2028 2029 2030 Bilateral loans Bonds (MTN) 7/17/2026 Skanska Q2 report 2026 24
Slide 25: Financial position
Portage Bay Bridge Seattle USA Group Financial position Adjusted interest-bearing net receivables(+)/net debt(-), SEK bn 20 15 10 5 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2022 2023 2024 2025 2026 Jun 30, Jun 30, Dec 31, SEK bn 2026 2025 2025 Total assets 166.1 161.7 158.3 Equi
Slide 26: Market outlook
Outlook compared to previous quarter Weaker Unchanged Improved Portage Bay Bridge Seattle USA Market outlook Construction • Construction market outlook mostly stable. Demand in the civil segment generally robust in all our main geographies • The building market is weaker but improving supported by i
Slide 27: Summary
Portage Bay Bridge Seattle USA Group Summary • Strong performance in Construction – mixed in Project Development • Construction – strong operating margin and record quarter order intake • Residential Development – strong results in Central Europe, Nordics impacted by low volumes, provisions and cost
Slide 28: Skanska Q2 report 2026
7/17/2026 Skanska Q2 report 2026 28